Historic Malaysian ringgit Saudi riyal

Malaysian ringgit saudi riyal history for January 2024. The highest quote for this month is 0.81644 (01/01/2024) and the lowest 0.81603 (02/01/2024). The difference between high and low is 0.05.

MYR SAR average rate for January 2024 is 0.80227, the change between 01/01/2024 and 31/01/2024 is +2.82 %.

01 January 20241 MYR = 0.8156 SAR
02 January 20241 MYR = 0.8164 SAR
03 January 20241 MYR = 0.8140 SAR
04 January 20241 MYR = 0.8141 SAR
05 January 20241 MYR = 0.8085 SAR
06 January 20241 MYR = 0.8056 SAR
07 January 20241 MYR = 0.8069 SAR
08 January 20241 MYR = 0.8061 SAR
09 January 20241 MYR = 0.8057 SAR
10 January 20241 MYR = 0.8070 SAR
11 January 20241 MYR = 0.8070 SAR
12 January 20241 MYR = 0.8066 SAR
14 January 20241 MYR = 0.8069 SAR
15 January 20241 MYR = 0.8066 SAR
16 January 20241 MYR = 0.8026 SAR
17 January 20241 MYR = 0.8066 SAR
18 January 20241 MYR = 0.7944 SAR
19 January 20241 MYR = 0.7945 SAR
22 January 20241 MYR = 0.7959 SAR
23 January 20241 MYR = 0.7929 SAR
24 January 20241 MYR = 0.7929 SAR
25 January 20241 MYR = 0.7925 SAR
26 January 20241 MYR = 0.7920 SAR
28 January 20241 MYR = 0.7932 SAR
29 January 20241 MYR = 0.7928 SAR
30 January 20241 MYR = 0.7915 SAR
31 January 20241 MYR = 0.7926 SAR

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.
MYR SAR July 2023
MYR SAR August 2023
MYR SAR September 2023
MYR SAR October 2023
MYR SAR November 2023
MYR SAR December 2023
MYR SAR January 2024
MYR SAR February 2024
MYR SAR March 2024
MYR SAR April 2024
MYR SAR May 2024
MYR SAR June 2024
MYR SAR July 2024